Lankapage Logo Recent Top Stories
CP 14 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Central Bank takes measures to retrieve Sri Lankan coins from till boxes in India
Mon, Jul 21, 2014, 09:23 am SL Time, ColomboPage News Desk, Sri Lanka.

July 21, Colombo: Sri Lanka has initiated measures to bring back a huge stock of Sri Lankan coins that are in the Buddhist pilgrim sites of India, the Governor of Central Bank of Sri Lanka Ajith Nivard Cabraal said.

Sri Lankan pilgrims over the years have offered tons of coins to the Buddhist temples and churches in India and Sri Lanka is taking measure to retrieve those coins to cut down the cost of minting new coins Cabraal told local TV Swarnavahini.

The Central Bank has learnt that there were coins to the value of about Rs. 80 million in Bodhgaya alone.

The Governor of Central Bank said that the value of the coins is being estimated. He said that there could be between 10 to 20 tons of coins that have been accumulated for decades.

He said discussions and processes are underway with Indian authorities to acquire the coins back as Sri Lanka faces a severe shortage of coins of smaller denominations.

Sri Lankan Buddhists make offerings to temples in India where Buddha attained enlightenment while the Sri Lankan Tamils and Christians make offerings to Hindu kovils and churches.

ColomboPage - Recent 10 Stories
Sri Lanka does not need a Singapore style management - President
-- [4 hours ago]
Sri Lankan government orders 125,000 motorbikes from Bajaj
-- [4 hours ago]
Sri Lanka opposition presidential candidate pledges to reform country's foreign relations
-- [5 hours ago]
Sri Lanka ranks 89th in Forbes' list of Best Countries for Business
-- [6 hours ago]
Japan deports 26 Sri Lankan asylum seekers
-- [7 hours ago]
Sri Lankan President will not participate in a debate with no facts and figures - Minister
Candlelight vigil in Colombo to commemorate the Peshawar attack victims
SriLankan Airlines takes delivery of second brand new A330-300
Sri Lanka court grants bail to former Army Commander's son-in-law
Sri Lanka opposition candidate releases policy statement amid disruptions

Copyright © 2000, 2014 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.